Cement News tagged under: corporate
Lafarge WAPCO pretax profit rises, turnover falls, Nigeria02 August 2012, Published under Cement NewsLafarge WAPCO said on Tuesday that its 1H12 pre-tax profit rose 19 per cent YoY to NGN12.18bn (US$76m). However, turnover fell to NGN46.34bn during the period from NGN62.50bn a year ago, the company said in a filing with the Nigerian Stock Exchange. |
Lucky Cement-led consortium acquires ICI Pakistan01 August 2012, Published under Cement NewsLucky Cement, in consortium with other Yunus Brothers Group (YBG) entities, has acquired a 75.81 per cent shareholding in chemical producer ICI Pakistan from Omicron BV, a 100 per cent owned subsidiary of AkzoNobel NV of The Netherlands. The Share Purchase Agreement was signed in Amsterdam on 27 June 2012 after the close of stock markets. The bid value of this acquisition is US$152.2m. Lucky Cement Limited – the flagship company of Yunus Brothers Group lead the consortium with 50 per c... |
Qatar National Cement first-half net profit rises YoY01 August 2012, Published under Cement NewsQatar National Cement achieved a net profit of QAR225.3m (US$61.9m) in the first six months of 2012 compared to QAR214.3m in 1H11. Earnings per share amounted to QAR4.59 as of 30 June 2012 against QAR4.36 in the corresponding period of last year. |
Raysut’s CEO to step down, Oman01 August 2012, Published under Cement NewsOman’s leading cement producer Raysut Cement has announced the resignation of its CEO Mohamed Ahmed Al Dheeb. The Board of Directors have requested Mr Al Dheeb remain in his position until 31 March 2013 so that a replacement can be found, the company said in a statement to the Muscat bourse. |
Ciments Francaise first-half revenue declines31 July 2012, Published under Cement NewsCiments Francais, part of the Italcementi Group, reported that consolidated revenues for the first half of 2012 amounted to EUR1.9m, down 4.8 per cent YoY reflecting a 6.5 per cent drop in activity and a positive exchange-rate effect (+1.9 per cent). The most significant increases related to Bulgaria, North America, India and Thailand and the strongest reductions related to France/Belgium, Spain and Egypt. Recurring EBITDA amounted to EUR319.7m, down 17.1 per cent primarily due to reduced... |
Oman Cement first-half profit rises 23%31 July 2012, Published under Cement NewsOman Cement has reported a 23.01 per cent in net profit for the first half of 2012. Earnings rose to OMR9.02m (US$23.4m) compared to OMR7.3m in 1H11. Cement sales advanced 20.22 per cent to 1.36Mt in the six months to June compared to 0.94Mt in the corresponding period of last year. Turnover was up 13.11 per cent to OMR28.065m. Clinker production increased to 1.05Mt from 0.68Mt during the first half of last year. The company imported 15,099t of clinker to meet a temporary shortfall dur... |
Fives FCB acquires Technip’s cement division, France31 July 2012, Published under Cement NewsFives FCB, a subsidiary of the Fives Group, has acquired the business portfolio of CLE Groupe Technip France, the specialist cement plant division of the Technip Group. For more than 40 years, the CLE, Groupe Technip France division has completed installation and revamping projects for many cement manufacturer customers. More recently, it has been involved in major revamping projects in France, Poland, Spain, Tunisia, Morocco, Turkey and Brazil. The many facilities developed by the CLE, Gr... |
Dangote Cement applies for two-year free float extension, Nigeria31 July 2012, Published under Cement NewsDangote Cement Plc is seeking an extension of the free-float waiver it secured from the when it merged with Benue Cement Company Plc two years ago, reports from the Nigerian Stock Exchange (NSE) indicated. The 24-month waiver extension is to enable the company remain listed on the stock exchange despite maintaining a free-float that is below 25 per cent, a violation of the NSE requirement for listed companies. Out of the companies listed on the Nigerian bourse, Dangote Cement is one o... |
JPMorgan sells 6.26m H-shares in Conch Cement31 July 2012, Published under Cement NewsJPMorgan Chase & Co sold 6.26 million H-shares in Anhui Conch Cement Co Ltd, a major cement producer in China, at HK$ 20.46 apiece, for a total of HK$ 128 million on July 19th, media reported, citing information from the Hong Kong bourse. After the share sale JPMorgan's holdings of Conch Cement's H-shares dipped to 12.91 from 13.4 per cent. (Source: China Business Newswire) |
Cementos Argos positive sales trends continue30 July 2012, Published under Cement NewsCementos Argos has reported positive operating figures for its cement division, continuing the trends seen in the first quarter of the year. Argos. In the second quarter of 2012 operating figures showed positive growth, giving continuity to the trends first seen in the first quarter. Cement sales for the April-June period stood at 4.9Mt and ready-mix concrete sales were 4.2Mm3. In the Colombia division, cement sales were up six per cent and ready-mix concrete sales rose 19 per cent, c... |